Catslap’s popular Slapdrop challenge has ended and the winners will soon be announced on the official Catslap website on January 14 at 11 AM UTC.
Catslap ($SLAP) is a one-of-a-kind meme coin where all token holders can earn slap points by just slapping their favorite characters on the homepage. The more the number of slaps, the more points you get.
Each of the top 10 slappers will get a $10K USDT airdrop. Even if you do not make it to the top 10, you’ll get $SLAP tokens as per your position on the leaderboard.
However, there was another dimension to this challenge – completing tasks on Zealy. For those unaware, Zealy is a tasking-questing platform used by brands to build a community through a reward-based system.
Catslap enthusiasts were required to join the Catslap Zealy page and complete social and on-chain tasks to earn Zealy points. These points weigh more than the slap points. One point on Zealy is equal to 1000 slap points. The more tasks you complete on Zealy, the higher your chances of making it to the top 10.
This means that there are two leaderboards: one with the slap points and one with Zealy points. As per the Catslap team’s Telegram communication, the Zealy points will be converted into slap points to arrive at the final leaderboard list on Tuesday.
Now, although you could have used any EVM-compatible crypto wallet to participate in these two challenges, you need a Best Wallet crypto address to claim your rewards. In fact, Catslap has an affiliation with Best Wallet, where you can buy the token directly from Best Wallet.
Is It a Good Time to Buy the Catslap Dip?
Catslap ($SLAP) launched on the MEXC exchange on December 6 and made a high of $0.010546, delivering 251% returns on the same day.
Early investors made as much as 4x on their investments. Since then, the coin has seen a 68% dip in prices and is currently trading below its opening price on the listing date. This begs the question of whether it’s a good time to buy the dip.
Catslap is a community-driven meme coin launched directly on decentralized exchange to compete with the likes of $POPCAT. It started 2025 on a positive note with 45% gains in the first week. And now, the price may just be ripe for a fresh entry in what’s a high-potential meme coin. We say so for several reasons.
Firstly, Catslap plans to burn $1M $SLAP tokens on January 31. It has already burnt $1.18M worth of tokens so far. Burning tokens rebalances the demand and supply forces, leading the prices to go up.
Secondly, Catslap has an active buyback program in place where it buys back tokens from the open market. So far, $883,637.54 worth of $SLAP tokens have been bought back. Just like token burning, buying back tokens also strengthens the price of the underlying asset by controlling the supply.
Plus, there’s an active staking program where token holders can earn up to 30% APY on their staked tokens.
Verdict – Onwards and Upwards for $SLAP
All these are positive signs for this small-cap meme coin. This shows the dedication of the founders to make Catslap one of the biggest meme coins going around. It has an active following of over 12K members on X, besides an active Telegram community.
Moreover, it has also been audited by SolidProof and has a good TrustNet Score of 60.30, indicating that it’s a very trustworthy asset in the Web3 space.
It’s worth noting that $SLAP has already made a return of 2,360% for investors, and you may not get the opportunity to buy Catslap at a current price of $0.002376 again.
However, as always, this isn’t investment advice. Also, we highly recommend doing your own research (DYOR) before you part with your money.
Source: NewsBTC